🚨📉 $FOLKS/USDT — BEARISH CONTINUATION ALERT! 📉🚨
is under heavy selling pressure after failing to hold the key support zone at 2.90–3.12. Momentum is clearly bearish, and the charts suggest further downside is likely ⚡
🧠 Technical Breakdown
Price rejected at critical support → sellers in control
Lower lows forming → continuation pattern confirmed
Immediate support: 2.52
Break below 2.52 → potential acceleration toward TP2
Sellers are dominating, and any pullback is likely a shorting opportunity, not a buy zone.
📊 Trade Plan
Entry (short on pullback): 2.80 – 2.85
Targets:
🥇 TP1 → 2.52
🥈 TP2 → 2.40
Stop-Loss: 2.90 (above failed support)
⚠️ Risk Management
Risk 1–2% per trade
Adjust position size according to SL
Trail SL once TP1 is reached to secure profits
💡 Key Takeaways
$FOLKS is in full bearish mode — trend favors sellers
Pullbacks are shorting opportunities, not long entries
Monitor support levels closely for acceleration or temporary relief
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